Search Results for "rail"

Whitehaven sees higher near-term coal prices
19th July 2024 By: Mariaan Webb

Australian coal miner Whitehaven is forecasting higher metallurgical coal prices over the near and long term, citing production constraints of hard-coking coal from Australian producers, combined with increased seaborne demand from India. The miner, which bolstered its output with the recent... 

Simandou iron-ore project, Guinea – update
19th July 2024 By: Sheila Barradas

All conditions have now been satisfied for Rio Tinto’s investment to develop the Simandou project. 

Jansen potash project, Canada – update
19th July 2024 By: Sheila Barradas

The project is expected to operate for more than 100 years. 

Recovery in logistics sector continued in May, latest Ctrack index shows
19th July 2024 By: Irma Venter

The newest Ctrack Transport and Freight Index (Ctrack TFI) shows that the recent recovery in South Africa’s logistics sector continued in May, albeit at a slower pace. The index improved in May to reach a level of 125.6 – an increase of 1.7% compared with April’s level, and 2.5% above year-ago... 

PRASA passenger numbers reach 40-million a year, increase by 167% – Emeran
19th July 2024 By: Irma Venter

The Passenger Rail Agency of South Africa (PRASA) is “making steady and significant progress in getting passenger trains back on track”, with the urban rail service carrying about 40-million passengers in 2023/24 on 31 of the 40 PRASA rail corridors now operational, says CEO Hishaam Emeran.... 

Jacques van Tonder
19th July 2024 By: Creamer Media Reporter

This week we profile Jacques van Tonder, executive director and COO of mining company Vedanta Zinc International  

Leveraging firms
19th July 2024 By: Terence Creamer

South Africa, everyone agrees, has a growth problem. The country has performed poorly when compared with its middle-income peers for more than a decade, averaging growth of only 1.1%. There is also broad agreement that, at these levels, South Africa is unable to generate the jobs required to make... 

We’ve delivered strong second-quarter production – Anglo CE
18th July 2024 By: Martin Creamer

Diversified mining company Anglo American on Thursday emphasised its embedding of operational resourcefulness across its asset base and highlighted its second-quarter performance as being strong. Moreover, the strategy reviewing Johannesburg- and London-listed centenarian described its copper... 

AfDB approves R18.85bn loan for Transnet's business recovery plan
18th July 2024 By: Creamer Media Reporter

The African Development Bank Group (AfDB) has approved an R18.85-billion, or $1-billion, corporate loan to South Africa's State-owned freight transport and logistics group Transnet for its recovery and growth plans. The 25-year loan is fully guaranteed by the government of South Africa. It will... 

Kumba Iron Ore expecting half-year earnings to be 24% to 29% lower
18th July 2024 By: Martin Creamer

The basic earnings of iron-ore mining company Kumba for the six months to June 30 are expected to between 24% and 29% lower than for the first six months of last year. The decreased R6 847-million to R7 347-million half-year earnings are largely attributable to a lower average realised... 

Bloom Lake workers returning as forest fires subside
16th July 2024 By: Creamer Media Reporter

Toronto- and Sydney-listed Champion Iron said on Monday that its workers were gradually returning to its Bloom Lake mine, following a preventive evacuation and temporary shutdown of operations on Saturday in response to nearby forest fires. With the forest fires subsiding and following the... 

Rio Tinto's iron-ore shipments miss estimates due to May train derailment
16th July 2024 By: Reuters

Global mining giant Rio Tinto reported second-quarter iron ore shipments below analyst estimates on Tuesday, reflecting impacts to production from a train derailment in mid-May. The world's largest producer of iron ore shipped 80.3-million tons of the steel-making commodity from its Pilbara... 

Vale seeks go-ahead to build iron-ore mine by biodiversity haven
16th July 2024 By: Bloomberg

Vale is seeking to boost iron-ore output by reviving efforts to develop a controversial mine in a mountainous region of southeastern Brazil known for its lush forests and endangered wildlife. The world’s No. 2 iron-ore supplier is awaiting feedback from environmental authorities after holding... 

Rio Tinto's Guinea iron-ore mine and infrastructure project clears all regulatory hurdles
16th July 2024 By: Mariaan Webb

The major Simandou iron-ore mine and infrastructure project, in Guinea, has cleared all regulatory hurdles, marking the path forward for $11.6-billion integrated development. The project, hailed as the biggest greenfield mine and infrastructure investment in Africa, has received key approvals... 

Botswana seeks Mozambique rail route to exploit coal billions
15th July 2024 By: Bloomberg

The leaders of three southern African nations signed a deal to proceed with a rail and port project to help land-locked Botswana export its massive coal reserves through a Mozambican port, though they still need to find the money to make it happen. The African Development Bank has agreed to... 

Mining output on track for second-quarter decline – Minerals Council
12th July 2024 By: Sabrina Jardim

Statistics South Africa (Stats SA) has reported that seasonally adjusted total mining production declined by 0.6% month-on-month in May. This follows a 0.8% month-on-month rise in April. In level terms, Minerals Council South Africa notes, real mining output remains well below the peak so far in... 

Region poised to benefit from energy transition
12th July 2024 By: Nadine Ramdass

Southern and Central African countries have a significant opportunity to benefit from the anticipated high demand for energy-transition minerals, such as those used for renewable-energy systems, electric drivetrains, battery storage and for Fourth Industrial Revolution technologies. Consequently,... 

Fastener provider expands portfolio
12th July 2024

Solar system fastening solutions provider Ejot has announced the launch of its EJOFAST JF3-2-6.0, a 6 mm self-drilling screw that expands on Ejot’s already vast portfolio of fasteners for solar systems on various roof types and substructures. The company notes that the established EJOFAST... 

Railway functionality hinges on fasteners
12th July 2024

Railway infrastructure stands as a testament to human ingenuity, connecting cities, nations and continents, says local fastener manufacturer and distributor Swagefast, adding that beneath the seemingly simple tracks lies a complex network of components that ensure the safety and efficiency of... 

Orom-Cross graphite project, Uganda – update
12th July 2024 By: Sheila Barradas

A 600 t bulk sample to concentrates has been completed.  

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